Underwater Experimental is considering a project which requires the purchase of $498,000 of fixed assets.The net present value of the project is $22,500.Equity shares will be issued as the sole means of financing the project.What will the new book value per share be after the project is implemented given the following current information on the firm? 
Definitions:
CCA
Capital Cost Allowance; a tax deduction in Canada for the depreciation of tangible property.
Earnings Before Interest And Taxes
A measure of a firm's profit that includes all income and expenses except interest and income tax expenses.
Retained Earnings
The portion of a company's profits that is kept or retained rather than distributed to shareholders or owners as dividends.
Net New Equity
The amount of equity capital a company raises through the issuance of new shares minus any shares it has bought back, reflecting the net increase in share capital.
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